Locked content Redan October revenue drop by 7%

Clothing company Redan reported October preliminary revenue of PLN 56 million, down 7 percent versus a year ago. In the discount segment, October sales amounted to about PLN 31 million, showing a decrease of 13 percent annually. The area of Redan Group stores was 140,600 sqm at the end of October, a...

Locked content Top Secret network in Poland to grow by 20 branches by end 2019

The Top Secret network, part of the Redan group, will increase its network in Poland by about 20 new branches by the end of 2019, the president of Redan Bogusz Kruszyński has announced. In total, the Top Secret store network at the end of June was 219, but the company opened 1 branch in July…....

Locked content Redan prelim. revenue down 1% in August

Preliminary revenue of Redan stood at PLN 48 million in August, a decrease of 1 percent y/y, the company reported.  In January-August revenue was about PLN 370 million, about 1 percent lower than in the same period last year. The area of Redan sales network at the end of August was 141,300 sqm, abou...

Locked content Redan to issue up to PLN 13 mln bonds

Clothing retailer Redan plans to issue bonds for a nominal value of PLN 13 million with two years maturity. A potential investor decided to acquire all bonds, Redan said. The issue price is set at PLN 990 per bond. PLN 7 million from the issue will be spent to buy newly issued TXM shares. The…...

Locked content Redan revenue slightly down in June

WSE-listed clothing company Redan Group recorded consolidated revenue of about PLN 50 million in June, a slight decline y/y. The area of Redan sales network at the end of June was 140,800 sqm, about 1 percent less compared to a year ago. In discount segment sales stood at about PLN 29 million, falli...

Locked content Redan plans to buy additional shares in TXM

WSE-listed clothing company Redan intends to buy newly issued shares in its subsidiary TXM valued PLN 5 -7 million. Redan plans to finance the transaction with a bond issue of PLN 11-13 million nominal value. Redan added that it is also in talks with 21 Concordia 1, which is the second biggest share...

Locked content Redan revenue down 5% in May

WSE-listed clothing company Redan Group recorded consolidated revenue of about PLN 51 million in May, a 5 percent decline y/y. The area of Redan sales network at the end of May was 141,600 sqm, about 1 percent less compared to a year ago. In discount segment sales stood at about PLN 31 million, fall...

Locked content Redan revenues fall by 3% in April

WSE-listed clothing company Redan recorded in April consolidated revenue of PLN 50 million, a 3 percent decline year-on-year. “The area of entire sales network of Redan Group at the end of April 2018 amounted to 142,200 sqm,  by about 2 percent less compared to April 2017,”  the company ...

Locked content Top Secret to open 20 stores per year

Clothing brand Top Secret – a subsidiary of Redan – plans to expand its sales network at a rate of 2,000-3,500 sqm annually, i.e. about 20 stores a year, according to a statement from the company chairman, Grzegorz Lipnicki. “We have carried out analysis and in the next three years...

Locked content Textilmarket to enter WSE

Store chain Textilmarket, owned by WSE-listed clothing company Redan may be traded on the Warsaw bourse still this year, the Polish Press Agency reported citing Bogusz Kruszyński , the deputy CEO at the group. Kruszyński informed at a press conference that the company is completing the chain’s...